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2002
AbstractWelfare economics is that large part of economics that is concerned with the well‐being of groups of people and is therefore closely related to normative economics and economic policy. Theoretical welfare economics derives the necessary conditions for achieving a Pareto‐optimum in society, which is a situation such that it is impossible to make
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AbstractWelfare economics is that large part of economics that is concerned with the well‐being of groups of people and is therefore closely related to normative economics and economic policy. Theoretical welfare economics derives the necessary conditions for achieving a Pareto‐optimum in society, which is a situation such that it is impossible to make
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Politics, Economics and Welfare.
American Quarterly, 1953Francis X. Sutton +2 more
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